Vietnam should not continue to try to become an industrial power and instead
should shift to developing agriculture and tourism, according to economist Le
Xuan Nghia, head of the Business Development Institute (BDI).

Joining the production chain of global tech giants running operations in
Vietnam remains a perennial problem for local businesses operating in support
industries due to weak technology and poor support from the government,
industry insiders have complained.

Credit Suisse Group AG will accept a debt restructuring plan that Vietnam
Shipbuilding Industry Group put to its creditors, helping to resolve
negotiations surrounding a default that occurred more than two years ago,
according to a person familiar with the matter.

Automakers in the country are competing harshly with each other on the
small-car market as this segment is contributing a large portion to their sales
volumes given the rising trend in compact vehicle consumption in big
cities.

A new bright era is on the horizon for the industrial sector in Vietnam as
the country's effort to attract hi-tech foreign investment has taken off,
according to consulting firm CB Richard Ellis (CBRE).